Indian steel industry is trailing behind in several areas in technology and Research & Development which are reflected in poor techno-economic parameters. It is the need of the hour to bring the Indian steel sector at par with its overseas counterparts. Being the fourth largest producer of steel in the world, India plans to boost the steel industry in order to sustain its economic development through research and development.
London Metal Exchange (LME) base metal prices showed a negative trend on Monday after the gains in the previous session.
Chinese demand to support copper prices in the second half of the year, said Morgan Stanley, a global financial services firm, in a commodities briefing.
Is the China economy on a downslide? It may be too premature to jump to such conclusions as April commodity imports data presents a mixed picture. Among metals, copper imports fell but aluminium bauxite imports were strong. In energy, petrochemical imports fell sharply but petrol, diesel demand was high on falling international crude prices
